Debt to Worth. The Borrower will maintain as at the end of each fiscal quarter of the Borrower (commencing with its results as at June 30, 1997) on a consolidated basis a Leverage Ratio of not more than 1.25 to 1. As used herein, "Leverage Ratio" means the ratio of (x) outstanding consolidated Indebtedness of the Borrower and/or its Subsidiaries to (y) the consolidated Tangible Net Worth of the Borrower.
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Samples: Loan Agreement (Micrion Corp /Ma/)
Debt to Worth. The Borrower will maintain as at the end of each fiscal quarter of the Borrower (commencing with its results as at June 30, 1997) on a consolidated basis a Leverage Ratio of not more than 1.25 2.0 to 1. As used herein, "Leverage Ratio" means means, as at any date when same is to be determined, the ratio of (x) outstanding consolidated Indebtedness the Adjusted Senior Debt of the Borrower and/or its Subsidiaries then outstanding to (y) the Borrower's then consolidated Tangible Net Worth of the BorrowerCapital Base.
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Debt to Worth. The Borrower will maintain as at the end of each ------------- fiscal quarter of the Borrower (commencing with its results as at June 30December 31, 19971996) on a consolidated basis a Leverage Ratio of not more than 1.25 1.0 to 1. As used herein, "Leverage Ratio" means means, as at any date when same is to be determined, the ratio of (x) outstanding consolidated Indebtedness the Adjusted Debt of the Borrower and/or its Subsidiaries then outstanding to (y) the Borrower's then consolidated Tangible Net Worth of the BorrowerWorth.
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Debt to Worth. The Borrower will maintain as at the end of each fiscal quarter of the Borrower (commencing with its results as at June September 30, 19971996) on a consolidated basis a Leverage Ratio of not more than the following: not more than 1.35 to 1 as at September 30, 1996; and not more than 1.25 to 11 as at December 31, 1996 and as at the end of each fiscal quarter thereafter. As used herein, "'Leverage Ratio" means ' means, as at any date when same is to be determined, the ratio of (x) all outstanding consolidated Indebtedness Liabilities of the Borrower and/or its Subsidiaries to (y) the Borrower's consolidated Tangible Net Worth of the BorrowerCapital Base.
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Debt to Worth. The Borrower will maintain as at the end of each fiscal quarter of the Borrower (commencing with its results as at June September 30, 19971996) on a consolidated basis a Leverage Ratio of not more than 1.25 1.0 to 1. As used herein, "Leverage Ratio" means means, as at any date when same is to be determined, the ratio of (x) outstanding the total consolidated Indebtedness Senior Debt of the Borrower and/or its Subsidiaries then outstanding to (y) the then consolidated Tangible Net Worth Capital Base of the BorrowerBorrower and its Subsidiaries.
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Samples: Revolving Line of Credit Agreement (Zoom Telephonics Inc)
Debt to Worth. The Borrower will maintain as at the end of each fiscal quarter of the Borrower (commencing with its results as at June 30December 31, 1997) on a consolidated basis a Leverage Ratio of not more than 1.25 1.0 to 1. As used herein, "Leverage Ratio" means means, as at any date when same is to be determined, the ratio of (x) outstanding consolidated all Indebtedness of the Borrower and/or its Subsidiaries then outstanding to (y) the Borrower's then consolidated Tangible Net Worth of the BorrowerWorth.
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Samples: Revolving Loan Agreement (Exchange Applications Inc)
Debt to Worth. The Borrower will maintain as at the end of each fiscal quarter of the Borrower (commencing with its results as at June 30December 31, 1997) on a consolidated basis a Leverage Ratio of not more than 1.25 0.75 to 1. As used herein, "'Leverage Ratio" means ' means, as at any date when same is to be determined, the ratio of (x) the outstanding consolidated Indebtedness Adjusted Senior Debt of the Borrower and/or and its Subsidiaries to (y) the Borrower's consolidated Tangible Net Worth of the BorrowerCapital Base at such date.
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Samples: Loan Modification Agreement (Xionics Document Technologies Inc)
Debt to Worth. The Borrower will maintain as at the end last day of each ------------- fiscal quarter of the Borrower (each, a "Determination Date") (commencing with its results as at June 30September 27, 19971998) on a consolidated basis a Leverage Ratio of not more which is less than 1.25 1.0 to 1. As used herein, "Leverage Ratio" means means, as at any Determination Date, the ratio of (x) outstanding the total consolidated Indebtedness Senior Liabilities of the Borrower and/or its Subsidiaries then outstanding to (y) the Borrower's then consolidated Tangible Net Worth of the BorrowerCapital Base.
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